White Pine Software has announced it will take a restructuring charge of between $650-850,000 for its fiscal second quarter, after laying off about 20 per cent of its staff.
The move follows several high profile management departures at the videoconferencing software company over the past couple of months.
But, Killko Cabellero, White Pine?s current acting president, said: ?Over the past several weeks, we have reviewed and analysed our business and products. The reorganisation will give us better control over and align our operating expenses with our current business.?
The charge will be incurred by laying off 26 employees and writing off various software licences in an attempt to cut costs, so the firm can try and compete in a market that is plagued by slow consumer adoption of desktop video communications, poor bandwidth capabilities and falling prices.
But, to make things more difficult, the company has suffered a lot of management defections. On 4 July, Howard Berke resigned as chairman and chief executive and was replaced by Arthur Bruno as chairman. Bruno had had been Berke?s predecessor between 1991-1993.
White Pine currently has headhunters searching for a new CEO.
On 27 May, the company restructured its sales organisation after Carl Koppel, president of OEM strategic sales, left to head up Internet Service Provider, ElectricVillage. Bob Hadden, vice president of sales, took over his role.
On 11 March, Richard Darer, former chief financial officer, left for Gensym Corp.
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